Daily Note | October 17, 2023 | GOF Gets Gutted. Some Bond Recs.

Oct 17, 2023

∙ Paid

Summary

Bonds are in the spotlight as rates rise, with tech underperforming and the dollar, VIX, and commodities higher.
Retail sales in the US exceeded expectations, rising 0.7% and adding fuel to the rising rate fire.
JP Morgan maintains a defensive allocation in their model portfolio, adding duration and hedges due to increasing headwinds for markets.
GO…